Quote:
Originally Posted by Thunderball
Of course, fuel in the US tends to cost about 20 cents/litre less than in Canada. There's actually a case for that to be true there.
In Canada, its a different story, and with a certain province of 13 million teetering on the brink of an economic meltdown, surely its a good idea to try to help by increasing competitiveness and lowering costs? Or maybe we should add some more fuel taxes, and carbon taxes and really help the world at the cost of our economy and citizens...
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Most modelling work predicts that even relatively high carbon prices like 75$ per tonne would have small effects on GDP. Small meaning a 1-3% reduction in GDP from a base scenario with no carbon price.
So, no, we aren't talking about hellfire and brimstone here.